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is down, way down in the obama years and down again last month. income now lower by 8.2%. that is a flat-out decline in purchasing power and standard of living for american households, down. but so far, no impact on president obama's standing in the polls. he leads in swing states, ohio and florida and on the question of economic policy, the president leads mitt romney 48-39. now, this is what happens in europe when living standard plunge, rioting overnight in spain and a general strike in greece, this is the people's response over there to austerity. we've got another all-star lineup for you, watch out everybody, "varney & company" is about to begin. woman 1: this isn't just another election. we're voting for... the future of our medicare and social security. man 1: i want facts. straight talk. tell me your plan... and what it means for me. woman 2: i'm tired of the negative ads and political spin. that won't help me decide. man 2: i earned my medicare and social security. and i deserve some answers. anncr: where do the candidates stand on issues that... affe seniors today and in the
president obama and republican nominee romney essentially in a dead heat. president obama winning by just 1 percentage point as the race enters its final weeks. senior fellow at the american enterprise institute is joining us now from washington, d.c. kevin good to see you. what is the one thing that mr. romney will do to try and push ahead with his economic agenda that he has not been doing and that needs to be doing in previous weeks? >> well, i think that the biggest thing coming up is that governor romney is going to have a chance to speak directly to the american people in the debates and to challenge president obama. you know, one of the untold stories of this campaign for example is that president obama has absolutely no plan to create jobs. that thing they were waving at the convention, his 4 trillion dollars plan was actually just his budget from last year which went -- which went to the floor of the house and senate and got no votes. that kind of conversation is not getting through because of the mainstream media bias. dagen: mr. romney can also speak for himself. he has been wide
. storms stretch from pennsylvania to oklahoma. >>> poll position. president obama pulling ahead in several debattleground states. florida, pennsylvania and ohio, where mr. romney is now trailing by ten points. >>> plus this -- >> israel frustrate the that iranian president mahmoud ahmadinejad will address the unja on the holiest of jewish holidays. will his comments ratchet up tensions even higher? live from jerusalem. "newsroom" starts now. >>> and good morning. i'm carol costello. ref rage. a lot of people sayal deba aing ruining the day. it's not just about saving face. it's about saving sunday. >> reporter: in controversy here. the winning touchdown call of the infamous disputed play was by the book. still, nearly everyone is talking trash, from the ladies on "the talk." >> feels unfair, looks unfair it is unfair. >> to republican vice president candidate paul ryan. >> did you watch that packer game last night? >> reporter: to the president of the united states. who says -- i've been saying for months, we've got to get our refs back. oh, mr. president, that is a bipartisan plea. roger
's the issue with 2011 here? >> well, look, obama has said i'm going to tax rich people and implying he's not going to tax you. in fact, he passed tax increases on average income americans many many times during his presidency. there are 20 different taxes in obama care that we will all be paying. in addition to that, of course obama's new promise that he won't tax rich people, he's got a new term limit on it, 12 months. only next year, after that we could have a vat or other things. so if you are obama and you intend to allow the bush tax cuts to lapse, so there's a 500 billion dollars tax increase on low income people, middle income people, all americans, you want to talk about anything other than the tax increases that you have scheduled. i mean he's running up trillions of dollars of debt over the next deca decade, according to his budgets. the only way he pays for them since he's not cutting spending is to raise taxes on everyone. what do they want to do? oh gee what did romney pay in taxes four or five years ago? that has nothing to do with anything. we ought to be reducing taxes
the value of their investments since president obama took office? we look at the latest survey, which we'll talk about more later in the program. 34% of americans say their investments are better off than they were four years ago. just 29% said that they were worse with 28% about the same. the facts are the s&p 500 has skyrocketed over 70% in that time, of course, due to the central bank stimulus action. so what's the disconnect? joining us with answers so that and more is the pimco ceo. good to see you. thanks for joining us. >> thank you, maria. >> let me get your take with what's going on in spain right now. we've been looking at these pictures of protesting. it certainly feels like things are worsening there in terms of the unrest and certainly the economic challenges. what's your take on the latest? >> it's an indication of how difficult it is to go from designing a response to implementing it. one of the problems you have in europe is that parts of the populations are just fed up. they've had enough. so you start getting rejection. it's most acute in greece where you've had economi
president obama in critical swing states new numbers come as both get ready for their upcoming debate. stay with the abc7 morning news in our next half hour we'll break down the new numbers. >>> we want a check of the weather. i do the street lamp test. >> what's the street lamp test? >> if i can see the moisture. >> you took years of meteorologist -- meteorologist rolling school. >> we need you mike. >> [ talking over each other ] >>> good morning. the clouds aren't as low, not as moisture laden as they were yesterday, still have flight arrival delays into sfo because the clouds are out there. santa rosa half mile visibility right now. clouds pull back to the coast where they will hang out with pockets of sun for you upper 50s to low 60s. 70s in the south bay, north bay, 80s mainly con betweened to the east bay valleys today. as far as around the monterey bay, low to upper 60s from monterey too santa cruz, 76 hollister possibly 82 around morgan hill. tomorrow, friday saturday, big warming trend comes in with a vengeance six degrees warmer tomorrow, couple more friday and couple more saturd
it is not causing any incident or delays james. ok erika thank you. president barack obama and republican mitt romney are pitching to college students and working-class voters in ohio today less than a week before early voting kicks off in the critical midwestern states. >> from the plant's three stops in major papaw's in areas as well as president obama. losing in ohio would dramatically narrow promise path to that 270 number that he needs for electorial college votes to win. >> americans may not be that crazy about president obamas health care law but they do not see is going away anytime soon. americans think the overall will go fully with some changes rairanging--the big expansion for the uninsured does not come to 2014. >> we have much more straight ahead when we come back. >> we are back some world news president mahmoud ahmadinejad is set to address a general assembly today. he accused the united states of bullying and dominating. as the president takes the stage he may not have much of an audience as many world leaders are expected to walk out in protest when he takes the podium. mary
the math doesn't work. >> you're the master of the budget. so let's go through the plan. the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years. true? >> not in the least bit true. >> how much would it cost? >> its revenue neutral. >> i'm just talking about the cuts. we'll get to the deductions. >> the cut in tax rates is lower all americans tax rates by 20%. it's revenue neutral. >> it's not revenue new pral unless you take away the deductions. the first half, lowering the tax rates, does that cost $5 trillion? >> no. look, i won't get into a baseline art with you but that's what a lot of this is about. lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agr
this economy is enacting extreme austerity, and this debate is relevant whether it's obama or romney. is austerity actually denting growth, is it creating more problems than it solves. let me give you one example. we have a sales tax in this country that has been raised from 16% to 18% to 21%. that has created a slight inflation issue. now, pensions are inflation linked. and this country in november has to increase pension abouts by inflation. so by raising 2.5 billion euro v.a.t., it will cost them 3.5 billion euro misincreased pension costs. so you can see the conundrum. they're enacting enormous amounts of austerity, but that's denting an economy which is already in recession. its second since 2008. and things are getting worse. 25% unemployment, a million up sold homes. and we haven't even talked about the banking crisis and the autonomous region, some of which including catalonia are looking trying to get some form of assembly. it is a toxic mix. >> imagine that there will be pressure on markets as this they think unfolds. we're also counting down to the wire here of course in t
. >> the united nations general assembly meeting president obama up speaking about... i run and president will be speaking at 8:00 this morning. there'll be protests about him speaking on this holiest day in the jewish year. the week the leaks founder will be speaking by video link. he is holed up right now and the ecuador and the sea where he is seeking asylum. he fears he will be turned over to the u.s.. coming up we will check in with the i iranian president. >> the time is now 7:22 a.m. and will continue on this wednesday morning. here's a look at the golden gate bridge. the commute is looking good for marin county. there is heavy traffic on the bridge but is county. another oneavy killed by lime scale. how can the dishwasher do its job ? adding finish power up to your detergent brings your dishwasher back to life. dishwasher buildup, cloudiness, spots, even tough stains-- gone ! so don't give up. add finish power up. wow ! see the difference. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah, blah, blah. if i had a sleepover, i c
are today. for president obama it is his thirteenth trip this year. he is stopping at two university's. mitt romney making three stops. he has been to ohio ten times since many. now back to melissa frances. rich: thank you so much. lovely and talented. president obama will easily win reelection in november. in trade prediction numbers showing him trouncing mitt romney 75% to 25%. wall street is buzzing about who will be president obama's next treasury secretary and charlie gasparino has the latest from the executive. charlie: i hate to say mitt romney is a loser now six weeks out. there's a lot of campaigning government of the oddball fbn -- melissa: sounds like four people abetting. charlie: the lot of people betting and it is usually right but it moves around a lot and it is usually right. in any event we are not announcing that romney is dead and the campaign is over. we are saying what they're saying and wall street and it is not just the traders that use it but used by traders and also inside the executive suites they don't see a chance for mitt romney winning and right now what they ar
talked and the fact that obama is leading in the polls and the market has to consider the fact that aggressive rises in capital gains tax. that may be a fact. at what point will people sell anticipation of that, do you think? >> i think they are nervously watching and they bought into the qe thing assuming that the gridlock will continue and perhaps from the presidential polls to the presidential election polls. and if there is still not complete control by any one party, the deadlock will continue and the market will be mollified with that. >> you mentioned what you would do if you were at the sidelines at this point in time and "the wall street journal" article was interesting, sort of implying that fund managers were up and will actually sell. the vast majority of mutual fund managers and hedge funds are underperforming their marks. do you think this is going to be a force in the market, as "the wall street journal" wants to make it? it seems to me that the moneying managers outperforming are in such a minority that even if they went to the sidelines -- >> we've seen it. we'
as an individual investor. lori: good advice. richard, thank you. melissa: president obama taking center stage at the united nations saying we face a choice between the promise of the future or prisons of the past. more from his speech after the break. lori: we were talking about investment grade corporate ideas for you. let's check treasurys today. the ten year yield at 1.70%. and the third year, buying treasurys today is unchanged at 2.89%. back with more after this. >> i'm cheryl casone with your fox business brief. british bankers association will move away from supervisory role of libor if necessary. bba says it will support the recommendations for managing director of financial services authority martin wheatley, who is expected to unveil a new regulatory libor structure sometime this week. >>> tesla shares down sharply after slashing their 2012 revenue forecast. the electric carmaker cited slower than expected rollout of hits model s sedan. tesla adding some suppliers experienced delays in meeting its demand. >>> barnes & noble taking steps into the streaming business. they are launchin
.2 million on his office. the decorator decorated the white house. >> the obama's brought him inned too the white house. >> yes, whatever the guy was; a $1400 parchment paper waste waste wastebasket. >> oh, charlie. >> that's where we are now. he's shopping. they have not called me back. >> that's shocking. your eye is healed. >> he did not take a shot at me. >> okay. >> that was just the guy on the street. congratulations. charlie, thanks so much. all right. let's talk politics. mitt romney's 2011 tax returns are public. is he paying the fair share? help or hurt the campaign? up next the economic writer, steven moore, on romney's battle for the white house. >> first, a look at winners and losers on the s&p500 as we head to break. international paper topping the list at about 3.5%. we'll be right back. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah
contributors to barack obama. so let's focus on the left side of the aisle this morning. we're using fresh data here from the center for responsive politics, focusing on donors who gave to groups that contribute some or all of their money to the presidential race. we're going to start with number five, jeffrey katzenburg, the ceo of dreamworks. he and his company have been lobbyists for a lot of copyright companies in washington as well as protection against china. katzenberg attended a lunch with biden and top chinese officials. after that, dreamworks has a jv with the son of china's president. going on to our number four on the list is jim simons. he is the founder of renaissance technologies. and he is the richest of the democratic dee nonors with a ne worth of $11 billion. education is a big issue for the democrats. math education and reform of public education, big issue for jim simons, who i'm sure will be a big voice for democrats. remember, president obama's change of position on gay marriage this summer, shortly after that, he got a big check from a guy named jon stryker, architect in
. something for candidates romney and obama in today's data. you can imagine romney pounding on the weak growth and obama saying hey, 286,000 more jobs out there and there's also something for bulls and bears but not much anybody from a sober analysis this remains a weak growth economy. melissa? >> thank you very much, steve liesman. >>> and from the u.s. to spain, let's head across the atlantic for more on spain's budget as the country hopes to avoid a bailout. steve sedgwick joins us live with the very latest. steve. >> reporter: yeah, thanks very much, indeed. we just heard literally in the last 20 minutes or so that the press conference, the announcement about this austerity that we've been waiting for all day will now get the conference in around about an hour's time. so all should be revealed about what rajoy intends to do. in the next stage of austerity. because i think the next stage because there's already been at least four bouts of austerity from this government since it came in in december last year. the last was a 2012 budget which we got 64 billion euros worth of austerity
and it will limit the upside for next year. >> is there a point at which you see obama in the polls and you say actually now i believe that we are going to get the tax hikes and the market should fall? there must be a watershed quite soon as we head towards particularly what happens in the house and the senate. >> our focus has been on the senate. we think that's what's going to mostly influence the outcome. i hope there's appetite to see the rates low. i don't see a benefit from raising them. i would call a coin toss on the senate outcome. but wiser minds will see the wisdom of helping the fed in its efforts to stimulate asset prices by not onerously raising taxes on the most important asset class other than homes. >> have you actually calculated a number? you said it would give back some of the rally. but is there a number or a percentage? >> 12-month price target is 1,500. we've written in our research that 1,600 would be a reasonable 2013 end. i need to see an acceleration in global growth. >> contingent on both, not just the tax issue? >> both. somewhere between 1,500 and 1,600. >> david,
Search Results 0 to 16 of about 17